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Waterloo House, Ipswich

Department store for sale in Ipswich

£5,500,000 / 182,008 sq ft

by Avison Young
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Full address
Debenhams Waterloo House, Ipswich – Ipswich
Asking price
£5,500,000
Brochure
Download the brochure

Sale details

There is 1 space available. This measures 182,008 sq ft.

Sale unit Available

182,008 sq ft, £30.22 per sq ft

Unit Sale unit
address 2-10 Westgate St, Ipswich, Suffolk, IP1 3EH, GB
Size 182,008 sq ft
Price £5,500,000
Price per unit £30.22 per sq ft
  • Department Store investment /redevelopment opportunity, prominently located within Ipswich Town Centre.
  • Ipswich is the historic, cultural and economic centre of the County of Suffolk and a major hub of the East of England.
  • Frequent train services to London Liverpool Street with a journey time of only 1 hour 15 minutes.
  • 100% prime location in the heart of Ipswich fronting the dominant retail pitch.
  • Landmark store totalling 182,008 sq ft arranged over basement, ground, and two upper floors.
  • Freehold.
  • Let to Debenhams Retail plc on a turnover lease, with flexible landlord breaks from 31 January 2022..
  • Significant redevelopment potential to a variety of alternative uses.
  • Opportunity to adapt to a trend in demand for out-of-London living and in-town amenities.
  • Offers sought in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects a low capital value of only £30 per sq ft.
Sale conditions Redevelopment Project, Bankruptcy sale
Sale type Investment
Tenure Freehold

Property facts for Waterloo House, Ipswich

The property comprises a department store arranged over three floors.

The property is located on Westgate Street.

Building subtype
Department store
Number of storeys
4
Rentable building area
182,008 sq ft
Year built
1975
Parking
Covered, Surface

Attachments

PDF #1 Marketing brochure/flyer Download

Major tenants

Name Description Size Move in date Locations
Debenhams Retail Plc Description Department Store Size 182,008 sq ft Move in date - Locations 217 (International) International

This shop for sale is located in Ipswich.

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Avison Young

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Avison Young. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Avison Young for full details and further information. 9082194